Valuation (Appraisal) Services
WWE has been performing appraisals of water rights and water and wastewater facilities since 1963, when WWE was retained by Adolph Coors Company for engineering consulting related to valuation of Clear Creek rights in Golden. WWE’s extensive background in water rights, design and construction complements our valuation services and enables us to develop reasonable, supportable valuations. WWE staff members are knowledgeable of the Uniform Standards of Professional Appraisal Practice (USPAP) and the Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA), commonly referred to as the “Yellow Book.”
With client input, WWE develops the scope of work necessary for the appraisal intended use, which can vary from decision making with regard to an asset to appraising the value for tax purposes. The highest and best use analysis is the foundation of developing and communicating the indicated value. Three approaches to valuation are considered—the cost approach, the sales comparison approach and the income capitalization approach—but some approaches may be more applicable depending on the particular assignment.
Following the appraisal licensing legislation of 1989, WWE has performed numerous appraisals. WWE’s Patricia Flood and Kenneth Wright hold appraisal certifications with the State of Colorado. They are coauthors of the Colorado Water Trust’s Water Rights Handbook for Colorado Conservation Easement Professionals on the topic of appraising water rights.
Photo: Gary Witt